U.S. Onshore Drilling Fluids Market Holds a Huge Growth in Upcoming Years

The U.S. Onshore Drilling Fluids Market is expected to reach USD 1.22 billion by 2025, according to a new report by Grand View Research, Inc. Rising E&P to enhance productivity in conventional oil & gas fields particularly in Marcellus, Eagleford, Bakken, and Permian basins in the U.S. is expected to steer boringmud demand in the region, over the forecast period. 

OBF accounted over 27% of market in 2016 and is expected to lose share to the WBF systems over the forecast period. Owing to its enhanced lubricity, OBF are expected to sustain its significance over the forecast period. OBF minimizes torque and drag of drill pipes, thereby reducing corrosion of boring tools in deviated wellbore activities.

Bakken accounted for over 44% of the U.S. proven oil reserves and over 40% of the global proven natural gas reserves in 2014. The presence of large number of unexplored hydrocarbon rich reserves, in onshore basins, coupled with the large dependency of the regional economy on the oil & gas industry is expected have immense potential in the near future.

Browse Full Research Report on U.S. Onshore Drilling Fluids Market: http://www.grandviewresearch.com/industry-analysis/us-onshore-drilling-fluids-market

Further key findings from the report suggest:

• The water-based segment of U.S. onshore drilling muds industry was valued over USD 530million in 2016on account of growing concern towards toxicity and biodegradation of oil-based fluids
• Weighting agents dominated the U.S. OBF additives demand and accounted for over 57% of the total revenue in 2016
• Surfactants, emulsifiers, & wetting agent segment emerged as the fastest growing segment in synthetic mud additives market with a CAGR of 4.8% from 2017 to 2025
• Viscosifiers demand for the Permian water-based drilling mud additives was valued over USD 7 million in 2016 and is anticipated to witness moderate growth over the next few years
• Eagle Forde merged as the largest onshore market in 2016, accounting for 38.3% of the total revenue share in 2016
• The WBF segment in Niobrara basinis projected to witness fastest growth over the forecast period and estimated to reach USD 43.8 million by 2025
• Key players such as S chlumberger, Halliburton, Baker Hughes, Hamilton Technologies, Anchor Drilling Fluids, Francis Drilling Fluids, and National Oilwell Varco dominated the U.S. market over the past few years

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/us-onshore-drilling-fluids-market-analysis

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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